Guggenheim Securities Initiates Coverage on Amazon.com to Buy

Guggenheim Securities Initiates Coverage on Amazon.com(NASDAQ:AMZN). The shares have been rated Buy. The rating by Guggenheim Securities was issued on Sep 30, 2016.

In a different note, On Sep 29, 2016, Maxim Group said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $825.00 per share. The shares have been rated ‘Buy’ by the firm. On Sep 28, 2016, Nomura said it Assumes its rating on Amazon.com. The shares have been rated ‘Buy’ by the firm. On Sep 27, 2016, JP Morgan said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $925.00 per share. The shares have been rated ‘Overweight’ by the firm. On Sep 22, 2016, Argus Research said it Upgrades its rating on Amazon.com. The shares have been rated ‘Buy’ by the firm. On Aug 2, 2016, MKM Partners said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $850.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 29, 2016, UBS said it Maintains its rating on Amazon.com. In the research note, the firm Raises the price-target to $785.00 per share. The shares have been rated ‘Buy’ by the firm.

Amazon.com (AMZN) shares turned negative on Tuesdays trading session with the shares closing down -2.71 points or -0.32% at a volume of 29,50,314. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $842.365. The peak price level was also seen at $842.365 while the days lowest was $830.26. Finally the shares closed at $834.03. The 52-week high of the shares is $842.365 while the 52-week low is $474. According to the latest information available, the market cap of the company is $395,392 M.

Amazon.com(AMZN) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $30.40B. Analysts had an estimated revenue of $29.54B. Earnings per share were $1.78. Analysts had estimated an EPS of $1.11.

Several Insider Transactions has been reported to the SEC. On Sep 23, 2016, Andrew R Jassy (CEO Amazon Web Services) sold 14,000 shares at $800.00 per share price.Also, On Aug 17, 2016, Jeffrey A Wilke (CEO Worldwide Consumer) sold 4,890 shares at $768.90 per share price.On Aug 17, 2016, Diego Piacentini (Senior Vice President) sold 5,477 shares at $770.06 per share price, according to the Form-4 filing with the securities and exchange commission.

Amazon.com Inc. (Amazon.com) is an e-commerce company. The Company sells a range of products and services through its Websites. The Company’s products are offered through consumer-facing Websites which include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It designs its Websites to enable products to be sold by the Company and by third parties across various product categories. It also manufactures and sells electronic devices including Kindle e-readers Fire tablets Fire TVs Echo and Fire phones. Amazon.com operates in two segments: North America and International. The North America segment focuses on retail sales earned through North America-focused Websites. The International segment focuses on the Company’s operations done through its international Websites. It serves developers and enterprises through Amazon Web Services (AWS). It serves authors and independent publishers with Kindle Direct Publishing.